Not normally, no, but downloading a program called DxWnd can at least let you put the game in windowed mode. You can at least resize it that way (good ol' click and drag), but I don't know if there's an easy way to get it in a specific resolution.
"What would you do for a Khonsclard bar?" - Shiden
No clue about the batch file, but here are the DxWnd settings I was recommended:
If you're experiencing slowdown, it may be due to your CPU, or so I'm led to believe (even though said slowdown isn't present when playing normally, at least not for me). Not sure what to tell you beyond that (I know little about technology, so...).